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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Insurance Fundamentals | - Insurance contract law basics
|
| State Regulations (New York) | - Ethics and compliance
|
| Accident and Health Insurance | - Health insurance products
|
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
The Health Insurance Portability and Accountability Act (HIPAA) ensures that qualified individuals who change jobs will have access to group health insurance with their new employer without
- A. having to satisfy a new preexisting condition period.
- B. having any increase in premium costs.
- C. having to meet a new deductible.
- D. any change in the level of benefits they receive.
Correct Answer: A 🗳️
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If a partner of a company becomes permanently disabled, which type of plan will allow the other partner to acquire the disabled partner's interest in the company?
- A. disability buy-sell agreement
- B. business disability overhead expense
- C. long term disability
- D. employee disability coverage
Correct Answer: A 🗳️
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Which of the following is a life insurance contract written on the life of an individual?
- A. Joint Life Contract.
- B. Survivorship Policy.
- C. Insurance.
- D. Single-Life Insurance.
Correct Answer: D 🗳️
Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).
The insured, who is 59 years of age decides to replace a long-term care policy they had for five years for a new policy. Which of the following is true of the insurer?
- A. The replacement insurer will not honor previous exclusions that had previously been satisfied under the original policy.
- B. The replacement insurer will impose new probationary period and preexisting condition limitations.
- C. The original insurer will reimburse benefit dollars not used under the original policy period.
- D. The replacement insurer will waive probationary periods pertaining to preexisting conditions satisfied under the original policy.
Correct Answer: D 🗳️
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If a policyowner surrenders a policy for its cash value, when is a tax liability incurred?
- A. The policy is transferred to a third party.
- B. The cash value exceeds all premiums paid.
- C. The cash value is less than premiums paid.
- D. The policy is exchanged for a policy of equal value.
Correct Answer: B 🗳️
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